JB SCOTLAND LIMITED


Director	PERT, Iain David


Registered Address	256-260 Morrison Street
	Edinburgh
	EH6 5EL


Registered Number	SC639231 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Current assets
Stocks		10,989		16,697
Debtors	5	54,517		38,445
Cash at bank and on hand		6,386		8,987
		71,892		64,129
Creditors amounts falling due within one year	6	(469,290)		(341,435)
Net current assets (liabilities)			(397,398)		(277,306)
Total assets less current liabilities			(397,398)		(277,306)
Creditors amounts falling due after one year			(31,427)		(36,779)
Net assets			(428,825)		(314,085)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(428,925)		(314,185)
Shareholders' funds			(428,825)		(314,085)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 12 August 2025, and are signed on its behalf by:

PERT, Iain David
Director
Registered Company No. SC639231

JB SCOTLAND LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified. During the year the company wrote off the following loan balances to connected companies under common control due to non repayment and the full amount has been recognised as a bad debt expense in the income statement. There are no remaining balances outstanding with the related parties at the year end. Clubhouse Group Limited: £140,553, DH Scotland Limited: £1,550 During the year the company had the following loan balances written off by connected companies under common control due to non repayment and the full amount has been recognised as a bad debt expense in the income statement. There are no remaining balances outstanding with the related parties at the year end MT Scotland Limited: £17,479

Related parties

For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

During the year the company wrote off the following loan balances to connected companies under common control due to non repayment and the full amount has been recognised as a bad debt expense in the income statement.  There are no remaining balances outstanding with the related parties at the year end.  Clubhouse Group Limited: £140,553, DH Scotland Limited: £1,550

During the year the company had the following loan balances written off by connected companies under common control due to non repayment and the full amount has been recognised as a bad debt expense in the income statement.   There are no remaining balances outstanding with the related parties at the year end MT Scotland Limited: £17,479

2.	Average number of employees


		2024		2023
	Average number of employees during the year	16		15

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Tangible fixed assets

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	1,259	-
Other debtors	44,072	30,767
Prepayments and accrued income	9,186	7,678
Total	54,517	38,445


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	105,966	35,757
Bank borrowings and overdrafts	10,123	1,350
Taxation and social security	348,539	303,240
Other creditors	4,662	1,088
Total	469,290	341,435


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Controlling party
	The ultimate controlling party of JB Scotland Limited is Mr. Iain Pert, who holds 100% of the issued share capital of the company.